MICROECONOMICS (LL)-W/ACCESS >CUSTOM<
MICROECONOMICS (LL)-W/ACCESS >CUSTOM<
11th Edition
ISBN: 9781264207718
Author: Colander
Publisher: MCG CUSTOM
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Chapter 20, Problem 4QE
To determine

The effect of dominant strategy in the Nash equilibrium.

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Consider the following extensive form game: Find the Nash equilibrium Find subgame perfect Nash Equilibrium Explain why all Nash equilibriums are not subgame perfect
You have just played rock, paper, scissors with your friend. You chose scissors and he chose paper, so you won. Is this a Nash equilibrium? Explain why or why not.
In the game above, what is/are the EFFICIENT sub-game perfect Nash equilibrium?
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